Senate Finance Chairman Baucus to Retire

Senate Finance Committee Chairman Max Baucus, D-Mont., announced Tuesday that he would not seek re-election in 2014.

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Senate Finance Committee Chairman Max Baucus, D-Mont. (left), announced Tuesday that he would not seek re-election in 2014.

However, he said that he’ll spend his remaining year and a half in office tackling the nation’s “rising debt, a dysfunctional tax code, threats to our outdoor heritage and the need for more good-paying jobs.”

At a national level, Baucus said in a statement that he would continue to work on “simplifying and improving the tax code, tackling the nation’s debt, pushing important job-creating trade agreements through the Senate, and implementing and expanding affordable health care” for more Americans.

“Deciding not to run for re-election was an extremely difficult decision,” Baucus said. “After thinking long and hard, I decided I want to focus the next year and a half on serving Montana unconstrained by the demands of a campaign. Then, I want to come home and spend time with Mel, my son Zeno, and our family, enjoying the Montana public lands we’ve fought hard to keep open and untarnished.”

Melanie Waddell

Melanie is Washington Bureau Chief, Investment Advisory Group. She also covers regulatory and compliance issues and writes The Playing Field column and Human Capital briefing. Reach her at mwaddell@alm.com. On twitter: @Think_MelanieW

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